Leisure Capital Management Lowers Position in The Allstate Co. (NYSE:ALL)

Leisure Capital Management lowered its stake in shares of The Allstate Co. (NYSE:ALL) by 41.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,631 shares of the insurance provider’s stock after selling 6,109 shares during the period. Leisure Capital Management’s holdings in Allstate were worth $1,664,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Catalina Capital Group LLC boosted its position in Allstate by 15.5% during the 4th quarter. Catalina Capital Group LLC now owns 1,541 shares of the insurance provider’s stock worth $297,000 after purchasing an additional 207 shares during the period. Magnolia Capital Advisors LLC boosted its position in shares of Allstate by 2.3% in the fourth quarter. Magnolia Capital Advisors LLC now owns 4,135 shares of the insurance provider’s stock worth $797,000 after buying an additional 94 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of Allstate by 39.8% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,572 shares of the insurance provider’s stock valued at $496,000 after buying an additional 732 shares in the last quarter. Stock Yards Bank & Trust Co. raised its holdings in shares of Allstate by 10.4% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 6,374 shares of the insurance provider’s stock valued at $1,229,000 after buying an additional 598 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its position in Allstate by 4.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 9,305 shares of the insurance provider’s stock worth $1,794,000 after acquiring an additional 436 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ALL shares. BMO Capital Markets upped their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group increased their target price on Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Morgan Stanley boosted their price objective on Allstate from $220.00 to $228.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

Allstate Trading Down 0.6 %

NYSE:ALL opened at $192.60 on Monday. The stock has a fifty day simple moving average of $193.92 and a 200 day simple moving average of $188.58. The firm has a market capitalization of $51.00 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The Allstate Co. has a 1-year low of $153.42 and a 1-year high of $209.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.